Our local real estate market continues to see strong demand amid a limited inventory of available homes for sale. For much of 2012, demand has grown steadily as buyers return to the market with added confidence. This combined with fewer sellers needing to sell and fewer distressed homes on the market has dramatically changed the real estate landscape over the past several months. October year over year, Plymouth (Township and City – 48170) has shown increases in the number sold listings (+27%) and total sales volume (+35%) while the number of new listings is only increased marginally (+7%). As a result, the number of active listings (available inventory) has seen a significant decline (-33%) and prices are on the rise.
As a seller, now is a good time to sell since you have less competition and there are buyers that are in need of a good home. As a buyer, you need to be educated about the market and ready to act when a great house does come along. Of course, if you need help with either, we are available to assist you. We know the area, the market, the subdivisions, etc. and can provide solid advice you want to help you through the process of buying or selling your next home.